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Monday, March 08, 2010

One of China’s premier investment zones is expected soon to replicate its successful development model near the southern approaches to the Suez canal, according to Egypt’s investment minister.

The Egyptian government is negotiating with the Tianjin Economic-Technological Development Area, which it is courting to help build the Suez Economic Zone. Under Egyptian law, TEDA could take up to a 49 per cent stake in the $1.5bn (€1.1bn, £1bn) project.

“SEZone is going to be the first of its kind linked to a big investor,” Mahmoud Mohieldin told the Financial Times in an interview. “The final negotiations will hopefully be taking place very soon.”

This just adds fuel to my belief that we really screwed up in 1956 by not helping Britain and France retake what was rightfully theirs. The whole string of problems in the Middle East flow from that one point.

I'll bite. Why didn't Eisenhower back France and Britain in their play? The action of our allies was a direct result of Nasser playing footsie witht the Soviets, and an attempt to try and secure the canal against eventualities such as the Chinese are now bringing about.

E40,A not so dirty, not so secret. US law prohibits US Govt and companies from paying bribes overseas. Contrary from what you see from Hollywood movies, in areas such as this type of commercial enterprise - we don't. People actually go to jail here for doing so (google Armor Holdings).

The Chinese have no problem with that. You cannot outbid someone when you can't bid at all.

Doing business with the Egyptians is not like doing business with the Finns.

... collecting jaw from the floor ... talk about shooting yourself in the foot. How in the hell we managed to pull off the masive bribery aka Sunni awakening? I am sure there is a way to connect our interest with Egyptian one...... what about just reminding them that we can stop servicing their F-16s?

Well, did anyone ask Egyptians/Colombians if they want a canal to be built? It was the XIX century way of conquering anyone who dared to happen to be in the wrong place on the geopolitical map that made imperialism such abhorred concept. Do you think Egyptians entertain the idea of being someones protectorate forever just because they happen to sit on a chokepoint? This is from the viewpoint of chokepoint between Baltic and Carpathia, completely understood.

Next up on China's shopping list: a nice south African port somehwere around Namibia or Zimbabwe. Mebbe even Seychelles. That way get us going and coming. Maybe time for US to finally figure out a way wean us from mid-east oil.

I never said that was the cause of all the problems in the Middle East. And actually those can be laid at the feet of Lord Sykes and Mssr Picot. And Lord Balfour.

However, at Suez, the US had a chance to stick up for a European ally that was advacning US interests in the Middle East at very little cost to its self. As a result of the disaster at Suez, the 15 year sprial to withdrawal of Britain East of Suez began.

The result? Arab states run by Arabs-with no European influence to restrain them. Since Arabs ALWAYS screw up everything they touch-the present era gloomily dawned. Eventually, it touched us. That's why I believe 1956 was a turning point. Had we supported more of British influence in the Middle East-it would have supported our interests as well.

Since 1973, when Egyptians came this close <---> to defeating Israelis, you can't make argument they screw up everything. And BTW, Suez canal is operating (occasional war aside) for over 50 years since 1956 and hasn't broken down. IDK if the operating personel is 100% local, but even if not, they have the common sense to hire specialists when needed. And occupying countries by force is bad policy in the long run. See how it unfolded for the Soviets in Central Europe...